Augusta Gold Correlations

AUGG Stock

USD 0.84 0.04 4.55%

The current 90-days correlation between Augusta Gold Corp and Vertiv Holdings Co is 0.01 (i.e., Significant diversification). The correlation of Augusta Gold is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Augusta Gold Correlation With Market

Significant diversification

The correlation between Augusta Gold Corp and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Augusta Gold Corp and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Augusta Gold could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Augusta Gold when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Augusta Gold - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Augusta Gold Corp to buy it.

Moving together with Augusta OTC Stock

0.61	IONQ	IONQ Inc	Pair Corr
0.67	VRT	Vertiv Holdings	Pair Corr
0.63	PYPL	PayPal Holdings Aggressive Push	Pair Corr
0.66	NDAQ	Nasdaq Inc	Pair Corr
0.64	CVX	Chevron Corp Fiscal Year End 7th of February 2025	Pair Corr
0.72	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.66	HPQ	HP Inc	Pair Corr
0.7	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.71	WMT	Walmart Aggressive Push	Pair Corr
0.65	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.67	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.61	T	ATT Inc Aggressive Push	Pair Corr

Moving against Augusta OTC Stock

0.6	NFPDF	Nissin Foods Holdings	Pair Corr
0.54	NEM	Newmont Goldcorp Corp	Pair Corr
0.46	NCMGF	Newcrest Mining	Pair Corr
0.44	NCMGY	Newcrest Mining	Pair Corr
0.42	GOLD	Barrick Gold Corp	Pair Corr
0.63	JNJ	Johnson Johnson Fiscal Year End 28th of January 2025	Pair Corr
0.61	KO	Coca Cola Sell-off Trend	Pair Corr
0.6	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.52	PFE	Pfizer Inc Aggressive Push	Pair Corr

Related Correlations Analysis

	VRT	NDAQ	MCD	WMT	CAT	HPQ	VZ	INTC	BAC
VRT		0.84	0.29	0.9	0.83	0.85	0.0	0.88	0.86	VRT
NDAQ	0.84		-0.06	0.92	0.52	0.68	-0.17	0.71	0.93	NDAQ
MCD	0.29	-0.06		0.11	0.57	0.33	0.52	0.34	-0.02	MCD
WMT	0.9	0.92	0.11		0.65	0.73	0.05	0.75	0.86	WMT
CAT	0.83	0.52	0.57	0.65		0.83	0.2	0.88	0.57	CAT
HPQ	0.85	0.68	0.33	0.73	0.83		-0.03	0.81	0.78	HPQ
VZ	0.0	-0.17	0.52	0.05	0.2	-0.03		0.01	-0.27	VZ
INTC	0.88	0.71	0.34	0.75	0.88	0.81	0.01		0.72	INTC
BAC	0.86	0.93	-0.02	0.86	0.57	0.78	-0.27	0.72		BAC
	VRT	NDAQ	MCD	WMT	CAT	HPQ	VZ	INTC	BAC

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

BAC	+ 0.93	NDAQ
WMT	+ 0.92	NDAQ
WMT	+ 0.9	VRT
INTC	+ 0.88	VRT
INTC	+ 0.88	CAT
BAC	+ 0.86	VRT

High negative correlations

BAC	- 0.27	VZ
VZ	- 0.17	NDAQ
MCD	- 0.06	NDAQ
VZ	- 0.03	HPQ
BAC	- 0.02	MCD
VZ	- 0.0	VRT

Risk-Adjusted Indicators

There is a big difference between Augusta OTC Stock performing well and Augusta Gold OTC Stock doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Augusta Gold's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
VRT	2.39	0.61	0.23	0.43	2.36	(2.65)	5.87	(4.39)	20.36
NDAQ	0.79	0.16	0.12	0.37	0.74	(0.90)	1.86	(1.73)	5.20
MCD	0.72	(0.02)	(0.05)	0.09	1.30	(0.65)	1.46	(1.18)	6.70
WMT	0.82	0.26	0.15	2.75	0.73	(0.96)	1.90	(1.27)	4.33
CAT	1.32	0.01	0.07	0.13	1.35	(1.39)	3.36	(2.13)	12.38
HPQ	1.31	0.03	0.02	0.15	1.62	(1.30)	2.22	(2.63)	6.13
VZ	0.98	0.12	0.00	1.61	1.30	(1.06)	2.16	(2.05)	8.86
INTC	2.36	0.04	0.07	0.14	2.58	(2.68)	6.36	(3.50)	18.29
BAC	1.08	0.10	0.17	0.19	0.66	(1.36)	2.19	(1.41)	9.84

Be your own money manager

Our tools can tell you how much better you can do entering a position in Augusta Gold without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

Did you try this?

Run Portfolio Backtesting Now

Portfolio Backtesting

Avoid under-diversification and over-optimization by backtesting your portfolios

All Next

Launch Module

Augusta Gold Corporate Management

Elected by the shareholders, the Augusta Gold's board of directors comprises two types of representatives: Augusta Gold inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Augusta. The board's role is to monitor Augusta Gold's management team and ensure that shareholders' interests are well served. Augusta Gold's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Augusta Gold's outside directors are responsible for providing unbiased perspectives on the board's policies.

Thomas Ladner	VP Legal	Profile
Purni Parikh	Sr Sec	Profile
James Wickens	VP Operations	Profile
Richard Warke	Ex Chairman	Profile
Donald MSc	CEO Pres	Profile
Joseph Wilkins	Geological Advisor	Profile
Clive Bailey	Lead Consultant	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC